Novomatic to step up Australia/Asia presence after Ainsworth buy

Novomatic says it will intensify its work in Australia, Asia and North and South America, following the acquisition of a controlling stake in Ainsworth Game Technology.

The gaming technology company reported revenues reached an all time high of about EUR2.3 billion ($2.44 billion) in 2016, an increase of 10 percent. Its global headcount rose to more than 23,500.

According to its annual financial report, the largest increase was achieved in the area of gaming machine revenues, which rose by EUR 126.7 million to EUR 1,028.9 million. Group EBITDA came to EUR 588.5 million.

“Not only did we achieve excellent financial results in 2016, but we also set out clear strategic paths that are particularly important for the further expansion of the group of companies. These include the signing of an agreement to acquire approximately 53 percent of the shares in the publicly traded Australian company Ainsworth Game Technology Ltd. Thanks to the strong presence of Ainsworth in Australia, Asia, North and South America, Novomatic will, in future, also intensify its work in these markets,” said Harald Neumann, chief executive officer, reporting on the development of the Group.

Novomatic also expanded its market position in Germany, Italy and Spain by acquiring numerous smaller companies. In Austria, the acquisition of shares in Casinos Austria AG and Österreichische Lotterien GmbH was the focus of attention, along with the associated decision by the Cartel Court.